Iraq calls for tenders to optimise oil field production

Jun 29, 2004 02:00 AM

Iraq's oil ministry has called for international companies to bid on work to increase production at existing oil fields in Kirkuk and the north and south Rumaila fields, the State Company for Oil Projects director general said.
International companies were approached by the oil ministry's reservoir department to do engineering studies, said Ahmed al-Shamma, director general of SCOP.

The ministry is analysing company offers and should make a decision in late September-early October, Shamma said. Companies have until Jul 29 to submit tenders for equipment and materials.
"These are very old fields," Shamma said. "We're checking on present production. We want to optimise production."

The contracts would be the first to be undertaken on the country's main oil producing fields since the 1980s. Fix-up work would continue for an estimated two years, Shamma said.
Kirkuk produced an estimated 700,000 bpd before the US-led invasion in April 2003. It has been producing about 200,000 bpd sincethen.

Source: FWN Select
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